Templeton World Correlations

Mutual Funds . USA . 
Fund . Templeton World Fund
TEWTX Fund  USD 17.47  0.01  0.06%   
The current 90-days correlation between Templeton World and Qs Large Cap is 0.92 (i.e., Almost no diversification). The correlation of Templeton World is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Templeton World Correlation With Market

Very poor diversification

The correlation between Templeton World Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Templeton World Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Templeton World Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Templeton Mutual Fund

  0.98TEBIX Franklin Mutual BeaconPairCorr
  0.99TEDMX Templeton DevelopingPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFRX Templeton ForeignPairCorr
  0.98TEFTX Templeton ForeignPairCorr
  0.91TEGBX Templeton Global BondPairCorr
  1.0TEGRX Templeton GrowthPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.98TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  0.96TEMIX Franklin Mutual EuropeanPairCorr
  1.0TEMWX Templeton WorldPairCorr
  0.99TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.98SAIFX Clearbridge Large CapPairCorr
  0.98SAGYX Clearbridge AggressivePairCorr
  0.98TEMZX Templeton EmergingPairCorr
  0.97FQEMX Franklin Templeton SmacsPairCorr
  0.99TEQIX Franklin Mutual QuestPairCorr
  1.0TEPLX Templeton GrowthPairCorr
  1.0TWDAX Templeton WorldPairCorr
  0.99TESIX Franklin Mutual SharesPairCorr
  0.98TESGX Templeton Global SmallerPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  0.92LGGAX Clearbridge InternationalPairCorr
  0.96TEURX Franklin Mutual EuropeanPairCorr
  0.93LGIEX Qs International EquityPairCorr
  1.0SAPYX Clearbridge AppreciationPairCorr
  0.98SASMX Clearbridge Small CapPairCorr
  0.91WAADX Western Asset SmashPairCorr
  0.86WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Templeton Mutual Fund performing well and Templeton World Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Templeton World's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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